117 Erika DrLafayetteLA70506
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lafayette at 117 Erika Dr, Lafayette, LA, 70506 priced at $210,000 converts $2,083/mo rent into $782/mo cash flow after a $1,028/mo obligation. Total monthly income equals $2,083/mo, and annual cash flow totals $9,384/yr on $69,615 invested. Return on cash invested prints 33.39% in year one, and rental yield reads 11.9% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 175.11% and total cumulative return in cash sums $121,900. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,083/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 2001
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70506, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,115 (100%) |
| Owner Occupied HU | 9,649 (45.7%) |
| Renter Occupied HU | 9,076 (43.0%) |
| Vacant Housing Units | 2,390 (11.3%) |
| Median Home Value | $245,556 |
| Average Home Value | $281,646 |
Housing Distribution
Address Breakdown
Residential
19,861
Single Family
14,582
Multi-Family
5,279
Businesses
1,547
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